Shonda Rountree
Working with contractors
Last year, I had some issues with a contractor I hired to replace my sunroom. Needless to say, he never finished the job after I paid him. I did receive some money back from the deal. Looking back over this dark cloud...
Account Closed
HOA wants to demolish improvement made to my property
I live in a small condo building, 34 units and have served as Vice President on board previously. When I was on the board all architectural improvements required board approval.
The new HOA president lives 2 ...
Christopher Andrews
Lien Waivers from Contractors and Subcontractors
2nd post today about this rental. What an education!Huge reno on a gutted house I bought this past Dec. Hired a licensed home builder general contractor to pull the permits and reno the property. He hired a crummy ...
Jia Lin
Mechanic's Lien Risk from Subcontractors - Cook County, IL
Hi All, I'm flipping a condo in Cook County (Illinois) and recently discovered that the GC I've hired and paid more than 80% balance of labor has not paid the subcontractors. I have receipts and bank statements to sub...
Aisha E.
BRRR quandary
I recently bought a house from two brothers who had inherited the property as part of their deceased mother's estate. I paid them what they were asking for it; almost the cost of the land only. The 90 house needed a f...
Rigo V.
What do you need before a flip?
what forms do you have your contractor sign before starting a flip? What do you usually have in place before you commence the project?
Sacha LaCoss
Contractor not meeting Deadlines
We are in the middle of repairs on one of our properties from a fire, the contract we signed had a required completion date of 3.31.2020. They were supposed to start on 3.2 but didn’t start until 3.9.20. The contrac...
Henry Lazerow
Chicago - Roscoe Village 4 unit BRRR! Deal Diary
I was the Broker representing the buyers side. Happy to walk my Biggerpockets friends through the before and after! 3 units + 3 story coach house (was 2 units we are converting into 1 luxury 4br 2ba). Bought for $730,...
K M
Project Manager Fees
Any advice on how to pay a project manager? I come from an engineering background and one method for bidding on projects is a 'cost plus' model. So cost of materials plus X%.
Would this model work with a project ma...
Patrick Milhaupt
Advice Needed: Private Lenders in Florida
Greetings to all,Please help!I recently began my firm's organization with the goal to acquire several vacation rental properties in Florida. My objective is to build a portfolio of 5-10 exceptionally managed rental ho...